Gate Crypto Flash News and Market Updates

According to Beating, a technology intelligence platform, the $725 billion AI infrastructure investment is rapidly depleting the free cash flow of four major tech giants—Amazon, Alphabet, Microsoft, and Meta. In Q3 2026, their combined free cash flow is expected to drop to approximately $4 billion,

According to analysis of Bank of Japan account data, Japanese authorities may have skipped forex intervention on Thursday (May 8), the first business day of the week, following multiple interventions during the holiday period. The BOJ's current account data released Friday showed minimal

According to BlockBeats, Federal Reserve Governor Milan said on May 8 that interest rate cuts are appropriate, citing that Fed policy has suppressed the job market.

According to Senator Elizabeth Warren, on May 8 she demanded that Meta CEO Mark Zuckerberg respond to seven detailed questions by May 20 regarding the company's plans to integrate a third-party stablecoin into its platform by the second half

According to Foresight News, FLock.io participated in an Oxford University roundtable discussion to advance a three-party memorandum of understanding on Sarawak's sovereign AI development. The discussion focused on data sovereignty, AI collaboration, data security governance, and hardware

According to Cointelegraph, robot training data costs have declined 65% since 2024, falling from $340 per hour to $118 per hour as of 2026.

According to BlueBay Chief Investment Officer Mark Dowding on May 8, the asset manager expects the Federal Reserve to maintain its policy stance throughout 2026. As inflation begins to decline in 2027, BlueBay is increasingly confident that the next move in U.S. interest rates will be a cut rather t

According to DefiLlama data reported by BlockBeats on May 8, Hyperliquid's open interest reached $91.1 billion, the highest level since mid-January, as on-chain perpetual DEX trading volumes recovered amid volatility across equities, commodities, and crypto markets. Hyperliquid led the perpetual DE

According to a poll by Infratest Dimap commissioned by Germany's public broadcasting consortium, German Chancellor Friedrich Merz's approval rating fell to 16% on May 8, marking the lowest level recorded since 1997. The figure represents a 5 percentage point decline from April. Additionally, 83%

According to PANews, on May 8, China Mobile announced the establishment of a Token Application Ecosystem Alliance with 8 partners including Alibaba Cloud, Volcano Engine, and Huawei Cloud. The alliance leverages the MoMA model aggregation platform to build a unified service gateway for domestic AI m

Anthropic recently released Natural Language Autoencoders (NLA), a tool that translates internal model activations into human-readable text, with code and model weights open-sourced on GitHub. Unlike existing tools such as Sparse Autoencoders that output obscure features, NLA directly generates

According to Lookonchain, a whale is accumulating NEAR, STRK, XMR, and TON as of May 8, with total holdings valued at $16.764 million. The whale holds 3.08 million NEAR ($4.83M), 75.55 million STRK ($4.3M), 9,561 XMR ($3.8M), and 1.28 million TON ($3.33M).

According to ChainCatcher, Mantle token holders have passed the MIP-34 proposal, approving a credit line of up to 30,000 ETH (approximately $68 million) to Aave DAO. The measure aims to help address potential bad debt in Aave V3 resulting from the April rsETH attack, which caused an

According to CoinDesk, some Revolut users saw Bitcoin's price plummet to as low as $0.02 on Friday, May 8, far below the global market level where BTC traded near $79,000. The price displayed a sharp dip on the app's chart before quickly recovering to normal levels. Major exchanges tracked by

Ukrainian President Volodymyr Zelensky said on May 8 that Ukraine and the United States are coordinating the schedule for a planned visit by a U.S. special envoy during the spring-summer transition period.

According to Golden Ten Data, on May 8, UK Prime Minister Keir Starmer confirmed he will continue leading the Labour Party despite electoral losses, triggering a rebound in British government bonds and sterling. The 30-year gilt yield fell 8 basis points to 5.55%, while GBP/USD rose 0.5% to 1.3614.

According to CoinDesk, Rain's stablecoin card retail consumption grew 105%-106% year-over-year, with the payment infrastructure platform expecting double-digit market share in select Latin American markets. The cards allow users to spend USDT, USDC, and other stablecoins directly via Mastercard

According to U.S. officials, American and Iranian forces exchanged fire in the Strait of Hormuz on May 8, with the U.S. military responding to attacks by Iranian missiles and drones. Three U.S. destroyers successfully passed through the strait without sustaining any damage. Trump stated that the str

According to AUSTRAC, on May 8, the regulator launched two supervisory campaigns targeting Australia's virtual asset sector, engaging with 36 over-the-counter operators and 27 local crypto exchanges. The campaigns assess how businesses are managing anti-money laundering risks ahead of expanded regul

According to PANews, on May 8, China's National Development and Reform Commission, National Energy Administration, Ministry of Industry and Information Technology, and National Data Administration jointly released an action